Mahindra & Mahindra Limited (NSE:M&M) — Stock Price
Mahindra & Mahindra Limited (NSE:M&M) is currently trading at Rs3517.00 INR, up 0.43% today. Over the past 52 weeks, shares have ranged between Rs2931.10 and Rs3802.40. This page tracks Mahindra & Mahindra Limited's live share price on the NSE exchange, its daily price and volume history, and — where reported — its income statement, balance sheet, cash flow statement, and earnings history. For company valuation and market capitalisation context, see Mahindra & Mahindra Limited (M&M) market capitalisation.
Mahindra & Mahindra Limited (M&M) Stock Price Chart — Daily History & Trading Volume
The chart below tracks Mahindra & Mahindra Limited's daily closing share price and trading volume on the NSE exchange over the past year, giving a clear view of recent price momentum and liquidity.
Mahindra & Mahindra Limited Income Statement — Revenue, Profit & Earnings by Year
Mahindra & Mahindra Limited's annual income statement shows how revenue converts into profit each fiscal year, including gross profit, operating income, EBITDA, and net income.
| Fiscal Year | 2026 | 2025 | 2024 | 2023 | 2022 |
|---|---|---|---|---|---|
| Total Revenue | Rs1.98 Trillion | Rs1.56 Trillion | Rs1.36 Trillion | Rs1.19 Trillion | Rs884.40 Billion |
| Cost of Revenue | Rs1.23 Trillion | Rs963.78 Billion | Rs842.02 Billion | Rs746.46 Billion | Rs521.34 Billion |
| Gross Profit | Rs748.70 Billion | Rs592.67 Billion | Rs516.01 Billion | Rs443.95 Billion | Rs363.06 Billion |
| Research & Development | — | Rs320.50 Million | Rs272.84 Million | Rs306.13 Million | Rs119.98 Million |
| SG&A | — | Rs1.34 Billion | Rs1.32 Billion | Rs1.22 Billion | Rs1.14 Billion |
| Total Operating Expenses | Rs254.24 Billion | Rs346.90 Billion | Rs319.91 Billion | Rs284.06 Billion | Rs251.26 Billion |
| Operating Income | Rs302.39 Billion | Rs245.77 Billion | Rs196.10 Billion | Rs159.89 Billion | Rs111.80 Billion |
| EBITDA | Rs375.61 Billion | Rs334.92 Billion | Rs278.48 Billion | Rs240.88 Billion | Rs177.79 Billion |
| EBIT | Rs302.39 Billion | Rs279.33 Billion | Rs233.12 Billion | Rs197.60 Billion | Rs142.76 Billion |
| Interest Expense | Rs8.90 Billion | Rs90.83 Billion | Rs74.88 Billion | Rs58.30 Billion | Rs50.18 Billion |
| Income Before Tax | Rs251.85 Billion | Rs190.80 Billion | Rs159.78 Billion | Rs140.60 Billion | Rs93.62 Billion |
| Income Tax Expense | Rs65.63 Billion | Rs50.06 Billion | Rs37.08 Billion | Rs26.86 Billion | Rs21.09 Billion |
| Net Income | Rs170.99 Billion | Rs129.29 Billion | Rs112.69 Billion | Rs102.81 Billion | Rs65.77 Billion |
Mahindra & Mahindra Limited Balance Sheet — Assets, Liabilities & Shareholder Equity
The balance sheet below summarizes Mahindra & Mahindra Limited's financial position at each fiscal year-end — what it owns (assets), what it owes (liabilities), and the resulting shareholder equity.
| Fiscal Year | 2026 | 2025 | 2024 | 2023 | 2022 |
|---|---|---|---|---|---|
| Total Assets | Rs1.49 Trillion | Rs2.78 Trillion | Rs2.36 Trillion | Rs2.06 Trillion | Rs1.74 Trillion |
| Total Current Assets | Rs611.96 Billion | Rs1.27 Trillion | Rs982.66 Billion | Rs913.25 Billion | Rs751.48 Billion |
| Cash & Equivalents | — | Rs30.90 Billion | Rs19.18 Billion | Rs13.91 Billion | Rs12.91 Billion |
| Short-term Investments | Rs530.89 Billion | Rs369.49 Billion | Rs216.93 Billion | Rs239.98 Billion | Rs192.05 Billion |
| Net Receivables | Rs57.59 Billion | Rs557.36 Billion | Rs480.90 Billion | Rs417.69 Billion | Rs365.78 Billion |
| Inventory | Rs404.61 Billion | Rs203.30 Billion | Rs185.90 Billion | Rs168.55 Billion | Rs115.96 Billion |
| Property, Plant & Equipment | — | Rs294.87 Billion | Rs248.70 Billion | Rs215.74 Billion | Rs249.38 Billion |
| Goodwill | Rs75.93 Billion | Rs23.74 Billion | Rs24.48 Billion | Rs25.49 Billion | Rs13.40 Billion |
| Total Liabilities | Rs1.04 Trillion | Rs1.88 Trillion | Rs1.59 Trillion | Rs1.39 Trillion | Rs1.17 Trillion |
| Total Current Liabilities | Rs412.04 Billion | Rs903.22 Billion | Rs755.46 Billion | Rs705.79 Billion | Rs562.88 Billion |
| Long-term Debt | Rs734.70 Billion | Rs797.07 Billion | Rs677.20 Billion | Rs550.27 Billion | Rs486.25 Billion |
| Net Debt | Rs362.98 Billion | Rs1.25 Trillion | Rs1.02 Trillion | Rs887.53 Billion | Rs741.18 Billion |
| Total Stockholder Equity | Rs445.70 Billion | Rs770.38 Billion | Rs661.91 Billion | Rs563.66 Billion | Rs471.23 Billion |
| Retained Earnings | — | Rs679.40 Billion | Rs575.80 Billion | Rs481.88 Billion | Rs391.74 Billion |
Mahindra & Mahindra Limited Cash Flow Statement — Operating, Investing & Financing Activities
This cash flow statement breaks down how Mahindra & Mahindra Limited generates and spends cash across operating, investing, and financing activities each fiscal year, including free cash flow and capital expenditures.
| Fiscal Year | 2026 | 2025 | 2024 | 2023 | 2022 |
|---|---|---|---|---|---|
| Operating Cash Flow | Rs141.60 Billion | Rs31.75 Billion | Rs-56.30 Billion | Rs-70.74 Billion | Rs92.48 Billion |
| Capital Expenditures | Rs96.05 Billion | Rs103.91 Billion | Rs99.46 Billion | Rs63.05 Billion | Rs60.40 Billion |
| Free Cash Flow | Rs45.55 Billion | Rs-72.16 Billion | Rs-155.76 Billion | Rs-133.79 Billion | Rs32.08 Billion |
| Investing Cash Flow | Rs-181.09 Billion | Rs-186.26 Billion | Rs-55.98 Billion | Rs-85.47 Billion | Rs-32.26 Billion |
| Financing Cash Flow | Rs32.90 Billion | Rs158.34 Billion | Rs122.81 Billion | Rs159.46 Billion | Rs-58.83 Billion |
| Dividends Paid | Rs28.21 Billion | Rs28.05 Billion | Rs18.11 Billion | Rs12.85 Billion | Rs9.80 Billion |
| Stock-Based Compensation | Rs5.41 Billion | Rs1.20 Billion | Rs1.29 Billion | Rs1.40 Billion | Rs1.05 Billion |
| Depreciation | Rs81.99 Billion | Rs60.73 Billion | Rs45.36 Billion | Rs43.57 Billion | Rs35.03 Billion |
| Change in Cash | Rs269.91 Billion | Rs3.94 Billion | Rs10.37 Billion | Rs58.20 Million | Rs1.13 Billion |
Mahindra & Mahindra Limited Earnings History — EPS Actual vs. Analyst Estimates
Track Mahindra & Mahindra Limited's quarterly earnings per share (EPS) against Wall Street estimates, along with the earnings surprise percentage for each reporting period.
| Report Date | EPS Actual | EPS Estimate | Surprise |
|---|---|---|---|
| Mar 31, 2026 | 31.00 | 29.60 | +4.75% |
| Dec 31, 2025 | 33.24 | 32.18 | +3.28% |
| Sep 30, 2025 | 37.52 | 31.66 | +18.51% |
| Jun 30, 2025 | 28.64 | 26.81 | +6.82% |
| May 19, 2025 | 20.24 | 21.99 | -7.97% |
| Feb 25, 2025 | 24.62 | 26.57 | -7.33% |
| Nov 14, 2024 | 31.90 | -0.01 | +319100.00% |
| Jun 30, 2024 | 21.70 | 22.75 | -4.60% |